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…but with the usual sliver of promise EXRO ended 2024 with mixed results that fell far short of early-year expectations. When announcing its merger with SEA Electric in early 2024, EXRO forecasted over $200 million in annual revenue, largely based on delivering up to 1,000 SEA-Drive® electric propulsion systems. However, actual results told a different … Read more
A Potential Game-Changer for EXRO Technologies EXRO announced in August 2024 a strategic agreement under its CELLEX subsidiary, involving a binding purchase order for ten Cell Driver™ pilot units. While EXRO has not disclosed the name of its new Energy-as-a-Service (EaaS) partner, a coincidentally timed article also from August 2024 on Facilities Dive suggests that … Read more
On February 3, 2025, EXRO announced that its innovative technology is being installed and tested on an International eMV truck. Detailed in the press release/shareholder letter and shared via an X post from EXRO Technologies, the current development is currently limited to this single trial unit, but the press release also notes that if the … Read more
In September 2019, Shareholders were excited when EXRO publicly disclosed the first partnership under new CEO Sue Ozdemir, signing a licensing agreement with Motorino Electric. Motorino was described as a “pioneer in the Canadian electric transportation industry” with an extensive product line of electric bicycles, scooters, and motorcycles. The agreement centered around EXRO’s Coil switching … Read more
Overview of EXRO’s Analyst Day EXRO Technologies hosted its inaugural Analyst Day on November 14, 2024, offering insights into its technology, financials, and future outlook. The company’s leadership emphasized resilience in navigating the challenges of the electrification market while positioning EXRO for long-term growth. Investors gained some clarity on EXRO’s three revenue streams: propulsion systems, … Read more
EXRO’s Coil Driver™ technology is central to several key partnerships and product integrations. These collaborations have significant implications for the technology’s long-term success. Below is an overview of how EXRO, HB4, SM4E, and Casalini are interconnected and what it means for EXRO’s future. EXRO’s Coil Driver™ Technology HB4 Group Partnership SM4E Motors Casalini Integration We … Read more
The establishment of CELLEX Energy Inc., as a subsidiary of EXRO Technologies, in June of 2024 has generated significant speculation and discussion among long-term investors regarding a potential sale or spin-off of the Cell Driver™ technology. This analysis explores the likelihood of such a transaction, the potential structure it could take, and the strategic implications … Read more
Reverse stock splits are not new and can be a powerful, strategic, financial tool that can be used to increase a companies share price by proactively reducing the number of its shares outstanding. This can also help align with institutional investor criteria, as many funds avoid investing in low-priced stocks. Overall, such a move could … Read more
It may seem a long way off currently, but for EXRO shareholders, analyzing share buybacks vs. dividends is an exercise worth undertaking given the companies potential growth trajectory and anticipated future profits. Most long-term investors in the company likely won’t be surprised to learn that EXRO has 600 million shares outstanding and will quite likely … Read more
We aim to provide cutting-edge due diligence while also developing this site into a comprehensive resource for ‘all things EXRO.’ As part of this mission, we’ve explored the history and evolution of the EXRO logo during our research. EXRO Technologies has achieved significant milestones in the clean technology sector, and its logo reflects this journey … Read more
